Asked by Breana Gordon on May 20, 2024
Verified
In order to be negotiated, ________ must be endorsed as well as delivered.
A) order paper
B) allonge
C) bank note
D) a blank endorsement
E) qualified endorsements
Order Paper
A financial or legal document that is payable to the holder or the individual whose name appears on the document.
Endorsed
Officially approved or recommended; in finance, it refers to signing the back of a negotiable document to make it payable to someone other than the stated payee.
Negotiated
Discussed and agreed upon by parties involved, typically resulting in a formal agreement or contract that accommodates the interests or conditions of those parties.
- Recognize the prerequisites and impacts of negotiation across various negotiable instruments.
Verified Answer
Learning Objectives
- Recognize the prerequisites and impacts of negotiation across various negotiable instruments.
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